LCM backs Carillion claim
Litigation Capital Management (“LCM”) is backing Carilllion in a claim against its former auditors. Carillion was the largest corporate collapse in the building and construction industry in UK history. Now, certain Carillion entities which are in liquidation, are bringing a claim against KPMG for the conduct of its audits of the Group’s financial statements. The losses which form the subject matter of the claim are expected to exceed £250 million. Read more.